Across
all continents, traditional retailers are facing challenging times.
Margins are shrinking because of competition, limited supply chain
visibility, high transaction costs and ever rising counterfeit products.
Given such challenges, blockchain has the real potential to address
these issues and many more.

Retail and Rpay

Making
a mark first in the financial sector, blockchain is now set to
transform retail industry. It provides a way to conduct and record
transactions through a peer-to-peer network that replaces the
traditional role of a central trusted authority. Rpay Mall is an online
space where the user can buy and sell their products in the listed
categories. Goods and services are bought and sold on Rpay Mall using R
Token, which is a digital cryptocurrency that is decentralized and
censorship-resistant. Transaction fees on the R Token network are
economical.

Saving cost

Blockchain
has the potential to reinvent and in some cases obviate key business
functions throughout an organization. As a result, it can bring greater
trust and security and enhance sales forecasting and inventory control.
In fact, a recent survey done by Cognizant shows that 82% of respondents
predicted that blockchain would yield cost savings for their
organization of more than 2.5% by streamlining operations and automating
manual tasks.

Though
it is known that the benefits of blockchain can accrue to internal
processes, the real benefit can be seen from the collaborative efforts
with external organizations such as supply chain partners. In fact, the
retail industry should adopt blockchain technology faster so that they
are not left far behind in the race for growth. Rpay can help you
achieve your vision as retailers who will be on a wait-and-watch mode
will find it difficult to catch up once the direction for blockchain in
the retail industry gathers momentum.

Key benefits of blockchain in retail

Improve inventory management: Shorter
product life cycles have made sales forecasting very challenging. R
Pay’s blockchain technology can provide smart contracts to enable a
retailer automate execution of payments and orders. An efficient supply
chain management will help in making accurate forecasting and minimize
lost sales due to nil stock. It will also help to push up profit margin
and increase customer satisfaction.

Authenticate product: One
of the biggest advantages of blockchain is that it never allow spurious
products to reach the shop shelve. The technology of Rpay will help
scan the product barcode and trace the origin of the product.

As
retailers, both traditional and digital rivals, compete with each other
for efficiency, blockchain’s distributed ledger technology provides an
opportunity to increase operational efficiency and reduce cost. At Rpay,
we can provide blockchain technology to retail business which will
generate higher efficiency across the value chain in the business and
help in innovation.

With the listing of PIX on HitBTC, members in the community will have an additional way to purchase or sell the tokens easily.

PIX Utility

Lampix
is working on the world’s first Blockchain based “image mining”
network for augmented reality or other computer vision system.

The
new Blockchain will hold images, description data-sets of real world
objects, and it will be one of the biggest image databases in the world.
The content of the database will be supplied by image miners, who will
be compensated with PIX tokens for their efforts. The company also plans
to offer this database to software developers to use in products such
as the HoloLens or Google Glass.

About Lampix

Lampix
can transform any flat surface into a smart surface using computer
vision and machine learning. Lampix was started in 2015 and since then
they have acquired many clients like PwC, Bloomberg, and many large
retail chains. The company also has a pipeline of approximately 200
notable companies.

Lampix
also won the best Augmented Reality in March 2017 and Virtual Reality
company at SXSW festival (which is also one of the largest festivals in
its domain). The company uses PIX tokens to grow the data ecosystem
through purchases and payments. The PIX token is an important component
which will bring the database and Lampix to fruition. It will play a key
role in developing augmented reality applications across many devices.

Crypto
is levelling up! We are thrilled to announce a collaboration between
Snovian.Space and Flogmall. This collaboration will help fortify
cryptocurrencies as the new way of doing e-commerce and running
business.

Flogmall
is an e-commerce platform offering users a chance to purchase thousands
of products, from electronics and cars to accessories and housing
rental, directly with cryptocurrency, with no need for exchanges. The
platform will open new possibilities for SNOV token holders and
Snovian.Space users all over the world.

As
of now, Flogmall already offers a wide range of categories to choose
from, becoming the perfect product and service aggregator for all crypto
holders. The store is expanding quickly, listing more and more goods
and services each day, and now SNOV is joining dozens of tokens to be
used on the platform.